Leverage Shares 2X Long GEMI Daily ETF (GEMG) Stock Price, Quote, News & History | Benzinga

To achieve investment objective, The Fund invests at least 80 percent of its net assets (plus borrowings for investment purposes) in the Underlying Security and financial instruments with economic characteristics that, in combination, provide 200 percent daily leveraged exposure to the price of GEMI, consistent with the Funds investment objective. The Fund will enter into one or more swap agreements with major financial institutions for a specified period ranging from a day to more than one year whereby the Fund and the financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on an investment by the Fund in GEMI that is equal, on a daily basis, to 200 percent of the value of the Funds net assets. The gross return to be exchanged or swapped between the parties is calculated with respect to a notional amount, e.g., the return on or change in value of a particular dollar amount representing GEMI stock.